UNIT 12, WALKINSTOWN AVENUE WALKINSTOWN, DUBLIN 12 • INVESTMENT FOR SALE

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Investment Summary High Profile Warehouse Investment Opportunity

Let to Cube Display Limited at an annual rent of €80,000 per annum

Detached warehouse facility extending to approx. 1,936 sq.m. ﴾20,834 sq.ft.﴿ on a site of approx. 0.82 acres

Development potential

Accessible from Walkinstown Avenue and has direct links to the M50 via Junction 9 ﴾Naas Road﴿

Location The property is located in the popular West Dublin suburb of Walkinstown in an area boasting a mix of residential, industrial and commercial occupiers. Fronting onto Walkinstown Avenue and opposite a Lidl store, the property enjoys a high profile location with significant passing traffic. Other neighbouring occupiers include; Maxol, the Karcher Centre, O'Neills International Sports, Eddie Rockets, Polonez, Auto Depot Tyres, Mooney's Hyundai and Toyota.

The property is situated approx. 100m on the southern side of the Long Mile Road providing ease of access to the Naas Road and the M50 which is located approximately 2.5km away. Neighbouring estates in the locality include Ballymount Industrial Estate, Robinhood Industrial Estate, Finches Business Park and Concorde Industrial Estate.

Description The property comprises a modern detached warehouse facility extending to approx. 1,936 sq.m. ﴾20,834 sq.ft.﴿. The facility includes a single storey office block/display area with customer/staff car parking to the front of the demise and a spacious yard/storage area to the rear.

The warehouse is of concrete portal frame construction with the original building featuring a double skin asbestos roof (incorporating translucent panels), and the extended warehouse featuring a double skin concrete fibre roof (incorporating translucent panels).

Loading access is via one grade level roller shutter door to the rear of the site and the property has an external pebble dash render finish.

Description ﴾Continued﴿ The single storey office block to the front of the property incorporates both open plan and cellular offices. The office accommodation is finished to a reasonable specification to include; painted and plastered walls, wall mounted radiators, carpeted floors, a mixture of suspended ceilings/painted and plastered ceilings incorporating drop‐down fluorescent strip lighting.

Planning PermissionPlanning permission was previously granted in 2007 by Dublin City Council for a mixed use commercial and residential development, constructed as two buildings. The development was to include demolition of the existing buildings on site and the construction of two separate buildings comprising a total of 2,922 sq.m. of office space, 310 sq.m. of retail space and 24 no. residential units ﴾no. two bed & no. three bed units﴿. 59 no. car parking spaces ﴾55 no. of which are provided at basement level﴿. This planning permission has since lapsed.

Lease Details & Covenant The property is let to Cube Display Limited trading as Jack Restan Displays on a 5 year full repairing and insuring lease from 1st January 2014 at an annual rent of €80,000 per annum exclusive. The lease benefits from personal guarantees.

Jack Restan Displays are an Irish company based in the exhibition and display system industry specialising in the creation, construction and installation of exhibition stands for major exhibits at Trade Fairs and Exhibitions nationally and worldwide. The company focuses predominantly in custom exhibits, commercial interiors, large events and graphic productions, while also supplying a range of products for themed events, corporate events and conference settings.

Jack Restan Displays have been trading since 1959.

Town PlanningThe property is zoned Z6; "To provide for the creation and protection of enterprise and facilitate opportunities or employment creation" under the Dublin City Development Plan 2011-2017.

KnightFrank.ie

01 634 2466 20/21 Upper Pembroke Street Dublin 2

Conditions to be noted:These particulars are issued by HT Meagher O’Reilly trading as Knight Frank on the understanding that all the negotiations are conducted through them. Whilst every care has been taken in the preparation of these particulars, they do not constitute an offer or contract. All descriptions, dimensions, references to condition, permissions or licenses of use or occupation, access and other details are for guidance only, they are given in good faith and believed to be correct, and any intending purchaser/tenant should not rely on them as statements or representation of fact but should satisfy themselves (at their own expense) as to the correctness of the information given. Prices are quoted exclusive of VAT (unless otherwise stated) and all negotiations are conducted on the basis that the purchaser/lessee shall be liable for any VAT arising on the transaction. Neither HT Meagher O’Reilly trading as Knight Frank or any of their employees have any authority to make or give any representation or warranty in respect of this property.

HT Meagher O’Reilly trading as Knight Frank, Registered in Ireland No 385044, PSR Reg No 001266. HT Meagher O’Reilly New Homes Limited trading as Knight Frank, Registered in Ireland No. 428289, PSR Reg No 001880. Registered Office – 20 -21 Upper Pembroke Street, Dublin 2.

Title

Guide Price

TBC

On Application

ViewingsStrictly by Appointment with Sole Agents Knight Frank

Contact

James Smith james.smith@ie.knightfrank.com

Shaun Collins shaun.collins@ie.knightfrank.com

Adrian Trueick adrian.trueick@ie.knightfrank.com

Schedule of Accommodation The approximate GEA areas are: